THE committee for aegean accountability

c/o Tyler Baron

1 Ferry Building, Suite 255

San Francisco, California 94111

(415) 677-5490

ANDREW FREEDMAN, ESQ.

OLSHAN FROME WOLOSKY LLP

1325 Avenue of the Americas

New York, New York 10019

(212) 451-2300

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

April 26, 2018

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties to whom copies are to be sent.

1              The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

The following constitutes Amendment No. 4 to the Schedule 13D filed by the undersigned (“Amendment No. 4”). This Amendment No. 4 amends the Schedule 13D as specifically set forth herein.

Item 2 is hereby amended to add the following:

On May 1, 2018, each of the Reporting Persons delivered a written notice to withdraw from and terminate the Group Agreement, dated December 20, 2017, by and among Tyler Baron, August Roth, Justin Moore, Shah Capital Management, Inc., a North Carolina corporation, and Towle & Co., a Missouri corporation, as amended by the joinder agreements dated January 31, 2018 and March 7, 2018, respectively (collectively, the “Group Agreement”), adding Raymond Bartoszek, David Kirshner, Donald Moore and RBM Holdings, LLC (“RBM”), each a “Party,” and collectively, the “Parties” or the “Committee for Aegean Accountability” (“CAA”), with such dissolution taking effect upon the Issuer’s public announcement of the Agreement (as defined in Item 4 below). As such, each of the Parties are no longer members of the Section 13(d) group and shall cease to be Reporting Persons immediately after the filing of this Amendment No. 4.

Item 4 is hereby amended to add the following:

On April 26, 2018, RBM Holdings LLC (“RBM”) entered into an agreement with the Issuer (the “Agreement”) regarding certain changes to the composition of the Issuer’s Board of Directors (the “Board”). Pursuant to the Agreement, the Issuer agreed, among other things, to set the size of the Board at seven (7) members and to nominate and appoint Tyler Baron, Donald Moore and Raymond Bartoszek (the “Agreed Appointees”) as Board members as follows: (a) Tyler Baron and Donald Moore, each as Class B directors with terms expiring at the Issuer’s 2020 Annual Meeting of Shareholders, and (b) Raymond Bartoszek (the “Class C Appointee”) as a Class C director with a term expiring at the 2018 Annual Meeting of Shareholders (the “2018 Annual Meeting”).

Pursuant to the Agreement, the Issuer agreed to certain changes to Board committees including, among other things, (i) that RBM or Tyler Baron, as the authorized designee of RBM (its “Designee”) shall designate one-half of the members of the Special Committee of the Board to review strategic alternatives, (ii) that RBM or its Designee shall designate one-half of the members of the Nominating and Corporate Governance Committee (the “Nominating Committee”), (iii) that RBM or its Designee shall designate one-third of the members of the Audit Committee, (iv) that RBM or its Designee shall designate one-third of the members of the Compensation Committee, (v) that a new committee shall be created, comprised of two of the Agreed Appointees and one of the Issuer’s current directors (the “Advisory Committee”) to review and make recommendations related to the Issuer’s convertible notes due in November 2018, and (vi) to take all necessary actions to promptly, after the appointment of the Agreed Appointees to the Board, hold an election by the Board of a new Chairman of the Board.

Pursuant to the Agreement, the Issuer agreed that the Board shall nominate, recommend, support and solicit proxies solely for (i) the Class C Appointee as a Class C director with a term expiring at the Issuer’s 2021 Annual Meeting of Shareholders (the “2021 Annual Meeting”) and (ii) George J. Konomos as a Class C director, with a term expiring at the 2021 Annual Meeting (the “Continuing Director”) for election to the Board at the 2018 Annual Meeting. The Issuer also agreed to hold its 2018 Annual Meeting no later than August 1, 2018 and its 2019 Annual Meeting of Shareholders no later than August 1, 2019.

In the event any Agreed Appointee or any Replacement Director (as defined below) is unable or unwilling to serve as a director and ceases to be a director, resigns as a director or is removed as a director or ceases to be a director for any other reason (including as the result of a failure to receive the requisite number of votes at the applicable annual meeting of shareholders of the Issuer), with respect to such Agreed Appointee, RBM or its Designee may recommend a substitute Agreed Appointee (a “Replacement Director”) so long as the RBM Parties (as defined in the Agreement), in the aggregate, own at least the lesser of 1% of the then outstanding Common Stock or 406,404 shares of Common Stock (subject to adjustments for stock splits, reclassifications, combinations and similar adjustments). In addition, the Agreement provides for Replacement Directors to be appointed to any applicable Board committee or subcommittee of which the replaced director was a member, subject to NYSE rules and applicable law, with the Agreed Appointees able to serve as interim members of such committees until such Replacement Director is appointed. Any Replacement Director designated to replace the Class C Appointee or Replacement Director prior to the mailing of the Issuer’s definitive proxy statement for the 2018 Annual Meeting shall stand for election at the 2018 Annual Meeting together with the Issuer’s other director nominee.

In the event that any of Yiannis N. Papanicolaou, Spyridon Fokas, George Konomos or Konstantinos Koutsomitopoulos (or any replacement thereof) is (A) unable or unwilling to serve as a director and ceases to be a director, (B) resigns as a director, (C) is removed as a director or (D) ceases to be a director for any other reason (including as a result of a failure to receive the requisite number of votes at the applicable Annual Meeting of the Shareholders), such director shall be replaced by a new director recommended to the Board by the Nominating Committee and, immediately thereafter, appointed by the Board, provided that any substitute director so designated to replace a director who qualified as “independent” pursuant to the listing standards of the NYSE shall also qualify as “independent,” and any substitute director so designated to replace a director who was not a citizen or resident of the United States shall also not be a citizen or resident of the United States.

The Agreement further provides the Board Criteria (as defined in the Agreement) for an RBM-recommended Replacement Director to be considered by the Nominating Committee, and the procedures through which such Replacement Director would be deemed qualified and recommended for appointment to the Board by the Nominating Committee.

The Issuer agreed not to take action to increase the size of the Board to more than seven (7) directors, and further agreed not to change or seek to change the classes on which the Board members serve without the prior written consent of RBM or its Designee, subject to certain exceptions noted in the Agreement. The Company also agreed to nominate two (and only two) Class A directors for election at the 2019 Annual Meeting.

Pursuant to the Agreement, the RBM Parties agreed to certain standstill and voting provisions, including voting in favor of the Issuer’s proposed slate of directors at its 2018 Annual Meeting of Shareholders (the “Annual Meeting”), lasting from the date of the Agreement until the earliest of (x) the date that is thirty (30) calendar days prior to the deadline for the submission of shareholder nominations for the 2019 Annual Meeting pursuant to the Issuer’s Amended & Restated Bylaws, (y) the date that is one hundred (100) days prior to the first anniversary of the 2018 Annual Meeting and (z) such time, no earlier than immediately after the conclusion of the 2018 Annual Meeting, as no Agreed Appointee (or Replacement Director) is serving on the Board and RBM or its Designee has notified the Issuer in writing that they will not seek to fill such vacancy (the “Standstill Period”). The standstill provisions provide, among other things, that the RBM Parties cannot (i) engage in any solicitation of proxies or consents (including the solicitation of consents that seeks to call a special meeting), (ii) form, join, or participate in any “group” with stockholders of the Issuer, other than with the Reporting Persons, (iii) encourage any person to submit nominees in furtherance of a contested solicitation for the election or removal of directors; (iv) submit any proposal for consideration by stockholders of the Issuer at any annual or special meeting of stockholders; (v) seek, alone or in concert with others, Board representation (except to the extent permitted in the Agreement), (vi) advise, knowingly encourage, knowingly support or knowingly influence any person or entity with respect to the voting or disposition of any securities of the Issuer at any annual or special meeting of shareholders (except as permitted in the Agreement), or (vii) make any request or submit any proposal to amend the terms of the Agreement other than through non-public communications with the Issuer that would not be reasonably determined to trigger public disclosure obligations.

The foregoing description of the Agreement is qualified in its entirety by reference to the Agreement, which is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

On May 1, 2018, the Reporting Persons delivered a written notice to withdraw from and terminate the Group Agreement dated December 20, 2017, by and among Tyler Baron, August Roth, Justin Moore, Shah Capital Management, Inc., a North Carolina corporation, and Towle & Co., a Missouri corporation, as amended by the joinder agreements dated January 31, 2018 and March 7, 2018, respectively, adding Raymond Bartoszek, David Kirshner, Donald Moore and RBM, each a “Party,” and collectively, the “Parties” or the “CAA”, with such dissolution taking effect upon the Issuer’s public announcement of the Agreement.

Items 5(a) – (c) and (e) are hereby amended and restated to read as follows:

The aggregate percentage of Shares reported owned by each person named herein is based upon 40,640,422 Shares outstanding as of September 30, 2017, which is the total number of Shares outstanding as reported in the Issuer’s Report of Foreign Issuer on Form 6-K filed with the Securities and Exchange Commission on November 15, 2017.

Percentage: Approximately 4.4%

Percentage: Less than 1%

Percentage: Less than 1%

Percentage: Approximately 4.4%

Percentage: Approximately 3.1%

Percentage: Approximately 3.1%

Percentage: Approximately 3.6%

Percentage: Approximately 3.7%

Percentage: Less than 1%

Percentage: Less than 1%

Percentage: Approximately 5.0%

Percentage: Approximately 5.2%

Percentage: Approximately 5.1%

Percentage: Less than 1%

Percentage: Less than 1%

Percentage: Less than 1%

Percentage: Less than 1%

(e)       As of May 2, 2018, the Reporting Persons ceased to collectively be the beneficial owners of more than 5% of the Shares of the Issuer following the termination of the Group Agreement.

Each Reporting Person, as a member of a “group” with the other Reporting Persons for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, may be deemed the beneficial owner of the Shares directly owned by the other Reporting Persons. Each Reporting Person disclaims beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.

Item 6 is hereby amended to add the following:

On April 26, 2018, the Committee and the Issuer entered into the Agreement defined and described in Item 4 above and attached as Exhibit 99.1 hereto.

Item 7 is hereby amended to add the following exhibits:

SIGNATURES

After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: May 2, 2018

SCHEDULE A

Transactions in the Shares Since the Filing of Amendment No. 3 to the Schedule 13D

towle & co.

(Through the Towle Account)

* Represents termination of a client account.

** Represents the addition of a client account, the Shares were already held by the client.